The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Vosilla who wrote (97927)	12/20/2007 1:37:41 PM
From: Liberty Eagle	Read Replies (1) of 306849

The costs to construct a home can oscillate wildly in a short period of time. Lumber dropped by around 50% since 2005. Skilled labor/mechanical contractor pricing just started to fall in my area (Northern Fairfield County, CT). Rents barely budged in the past 15 years or so. I've been offered land @ a 50% discount to the bubble highs and turned them down. At that price the land was still 35% or so higher than the then frothy (I thought) 1999 levels. I built out the last of my inventory in the winter of 04. In hind sight a bit early and every one thought I was crazy, but as you know, in RE you would rather sell a little early than stay to late..<G>.. I honestly don't know how the market around here will be 10/15/20 years out, I would imagine up but then again it could be flat in real terms. WAY to early to tell. As a builder I need stability in the market, NOT a steady downward spiral.<g/ng>. What happens on Wall & Broad and in the credit markets has a direct impact in my market and as you know…..things are ugly…. How will you know the shakeout is complete? John (sittin' on a pile of Gold since 04)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next